#ATOM Long setup triggered1. Supertrend positiv
2. positiv accumulation
3. positiv squeeze
Targets marked with yellow dotted lines in chart
ATOMUSD.P trade ideas
Harmonic Idea for AtomI'm tracking this harmonic pattern being put in on Atom currently.. let's see what happens
ATOM halvingLet's take a closer look at what's going on with Cosmos.
In the past, the top 100 cryptocurrencies and crypto projects were mostly dominated by eth-related projects, that's still the case, but there is one ecosystem that caught up a lot during the bear market, it's Cosmos. Currently, 8 out of 100 are using Cosmos technology (ATOM, CRO, RUNE, INJ, TIA, KAVA, DYDX), with some more coming close to the top 100 like OSMO and AKT.
The rest are basically ETH related projects, with one moving to Solana (RNDR) and also some adopting AVAX as an alternative to eth L2s. But overall it looks to me like Cosmos is the strongest ecosystem to catch up with Ethereum.
Why is that? With Cosmos, anyone can create their own chain and connect it to the other chains using IBC (Inter-Blockchain Communication Protocol). IBC can also be implemented in non-Cosmos chains like currently in SOL and AVAX.
There are many bridges, but IBC is becoming the most dominant and trusted bridge. When a chain implements IBC, it breaks out of its closed ecosystem and assets can move freely between all other chains that implement IBC.
During the bear market, Cosmos added a new feature called ICS (Interchain Security). This allows anyone to create their own Cosmos chain without using their own validator set, instead using ATOM's validators for security. When using ICS, the transaction fees go to the ATOM stakers.
There is now an interesting project using ICS called Noble. Circle is using Noble to bring it's USDC stablecoin to Cosmos. This is very important because Cosmos lost its main stablecoin UST after the Luna collapse and has been missing a major stable in its ecosystem ever since. On November 28th, Circle will activate it's Cross-Chain Transfer Protocol (CCTP) for Noble. It will allow users on Ethereum to burn their USDC there and generate new USDC on Noble.
DYDX, the leading decentralized derivatives exchange, is currently moving to its own chain on Cosmos. With the activation of the CCTP, USDC from Ethereum can be easily moved to the DYDX chain, kickstarting DYDX v4 and USDC on Cosmos.
Now let's talk about the halving. When you look at the Cosmos chart, it sometimes looks like it is underperforming. But people forget that it has high inflation and that inflation is paid out as a bonus. In addition, Cosmos also had a lot of top airdrops, which gave additional yield and are not visible in the chart.
After a wild 2 weeks, the ATOM proposal 848 was finally passed yesterday, which reduces the inflation to a maximum of 10%. It's a sudden halving and it was not guaranteed that this halving would come, in fact it just flipped from no to yes during the last day. So this halving should not be priced in. Imo ATOM solving its issuance problem was the last piece of the puzzle for ATOM to turn bullish. High inflation was used to get a 67% bonded rate and punish non-stakers But high inflation has two problems, even if only non stakers were diluted. We have to pay taxes on the staking income, so even the stakers get diluted. The other problem is that prices are inelastic, and the constant selling of ATOMs by stakers hurts the price more than expected. Some voices are afraid that ATOM will become less safe with lower inflation, but I think there is no evidence for this and the truth should be revealed in the next few months.
Because the halving proposal was controversial, some of the pro-inflation crowd are planning to fork ATOM and airdrop the new token to "No Voters". This gives me BCH flashbacks. There is a risk that some of them will sell their ATOM, but I think that would be a bad choice. What we saw with BCH is that it's hard to get a minority behind the same goal. BCH forked twice more just because people could not agree on its direction and the forks became irrelevant. Those who sold their bitcoin for those forks made a bad decision. This would be clear if ATOM can keep a high bonded rate despite lower inflation. So I think even if you are against the lower inflation its better to hold on to ATOM in case you are wrong.
Now that we have the fundamentals, let's look at the chart. I think that the price is forming an inverse head and shoulders pattern and should break it fairly soon with a target of ~$18. If that happens and the price hits the target. There should be a big Adam and Eve double bottom on the chart with a target around 41$. This would mean that ATOM would have to reach back to its old ath and if it can break out of it, it has a chance to reach the channel high as a moon target of around 200$ at the top of the new cycle.
A lot of cryptos will be pumping if the new cycle happens as expected. Therefore, I think it is also important to keep an eye on the ATOM dominance, which is also currently forming an inverse head and shoulders pattern, which would then make it break out of its logarithmic downtrend.
All this makes me think that ATOM could be a top alt pick for this cycle.
Special thanks to twitter.com for helping me figure things out about Cosmos, follow the guy as he knows more about Cosmos than I do ;)
Also DYOR, no financial advice!
sources:
(I wanted to post the sources here, but TradingView did not allow me to post the links, so you will have to fact check yourself.)
ATOMUSD: Holding 21-week SMA After Completion of Bullish SharkATOMUSD has Double Bottomed on the weekly timeframe at the PCZ of a Bullish Shark and is now holding above the 21-week SMA. If it holds, we could see ATOM breakout of the range and rise all the way up to a 61.8% retrace. From there it may then turn into a Bearish 5-0 but for now I'm just focused on the potential Bullish move upwards.
The Shark pattern here is admittedly controversial given the fact the C leg is an equal high to the A leg rather than being a higher high, but I think it is something that this pattern could maybe get away with.
COSMOSUDD: Short term shorty for my shawtyA message sent by god that we have to hit that bottom trend still, but from there it's all salt and pepper. It's not possible to go below that bottom line unless we implode like Titan.
Good day my compadres.
-Bo
ATOM - GLOBAL IDEAThe ATOM has been consistently following an upward trend since 2019. The certainty of a new cycle for ATOM is still uncertain. However, by considering that the asset is not experiencing a depletion but rather undergoing a shake-up, we can speculate that a pattern similar to the previous cycle will unfold.
This pattern typically involves an initial phase of accumulation , followed by the first wave of growth , a subsequent phase of re-accumulation , and finally, the last wave of growth, culminating in a distribution phase .
Analyzing the Fibonacci from the last cycle, we can set price targets at approximately $70 . This suggests a potential increase of 300% from zone accumulation. To break it down further, the accumulation phase is anticipated in the range of $7-$14, with the distribution phase expected to occur between $70 and $100 .
It's important to note that the specific dates on the chart are approximations. As the exit from the accumulation phase approaches, I will provide timely updates to the chart to present a comprehensive and up-to-date picture.
Atom return patternAtomtime daily currency and strong return pattern
1- Shark pattern formed in daily time
2- If this model becomes operational; It can cause a good movement in the atom currency.
3- The breaking of the resistance trend line of the short-term color problem can be the start of a jerk
ATOM's Potential Rebound: Technical Signals Amid Airdrop SeasonIntroduction:
ATOM's trajectory against Ethereum has reached a significant support level, drawing attention amidst the Cosmos ecosystem's buzz, particularly due to the anticipated airdrop season and Celestia's successful launch.
Technical Indicators:
The price of ATOM relative to Ethereum has hit historical support, a zone known for preceding rallies. Concurrently, the RSI demonstrates a divergence, suggesting a buildup of underlying momentum that may not yet be priced in.
Ecosystem Dynamics:
The current airdrop season could serve as a catalyst for ATOM, historically leading to increased activity and demand. This event, coupled with the positive sentiment from Celestia's launch, may fuel a positive shift for ATOM.
Conclusion:
With technical indicators and ecosystem developments aligning, ATOM shows signs of a potential upswing. Investors might view the current levels as an attractive entry point, keeping in mind the inherent volatility of the crypto markets.
CRYPTO:ATOMUSD CRYPTO:ETHUSD COINBASE:TIAUSD
Disclaimer:
This brief analysis is provided for informational purposes only and is not financial advice. Investors should exercise caution and seek professional advice when trading in cryptocurrencies.
$ATOM set to double?As you can see from the chart, we formed a wedge that we broke out of and retested as support.
This seems like a great place to enter at $10.09.
Target of pattern would be $21-22. Target of full bullish move might go as high as $27.
ATOM - LongGood luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
ATOM at Long-Term ResistanceDowntrend began September 2021 and is still in place.
Resistance is resistance until broken
ATOMUSD - More Inverted H&S An inverted H&S forming after touching the middle line of a relevant channel.
I do expect after this formation completes price will break out stunningly.
Bullish channel stays intact regardless.
Can ATOMUSD 2X-4X in next bullrun? YES!One of my favorite alts out there and I'm bullish on it. here are possible scenarios.
Cosmos is looking greatCosmos (ATOM) is positioned for a great move. This is a 3W chart so it will take several months to play out. I'm accumulating below $10.50 preferably any dips to 9.50-9.90 range. My first target is $20 and my second target is $32 dollars. This is not a financial advice please DYOR.
ATOMUSD (4H) - Bearish reversalHi Traders
ATOMUSD (4H Timeframe)
Waiting for the downward break of 10.68 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 12.11 would cancel the bearish scenario.
Trade details
Entry: 10.68
Stop loss: 12.11
Take profit 1: 9.79
Take profit 2: 8.35
Score: 4
Strategy: Bearish reversal
🌌 Cosmos (ATOM) Analysis: A Complex Journey Unfolding! 🚀The chart analysis of Atom, or Cosmos, presents a visually intricate scenario. On the daily chart, we've recently witnessed the completion of Wave 2. This structurally aligns with a larger 1, 2, 3, 4, 5 wave pattern. This, in turn, is part of a broader five-wave structure. Currently, Cosmos doesn't seem to offer an opportune entry point. I anticipate Atom to complete Wave 3, reaching approximately $13.50, and subsequently forming Wave 4. Once weakness appears in Wave 3, signaling a potential Wave 4, I'll issue a limit order. As of now, entering this trade doesn't seem favorable due to elevated risk. Stay tuned for potential entry opportunities. 🌌🚀
ATOM A clear Move up L@@K!! Dip buying encouragedNot financial advice.
This is 3 week chart that ends tomorrow but please note the RSI breaks and how this token moves once breaking the RSI to upside
11.75 is Conservative target with 15-16.00 achievable.
Please also note the favorable position of the stoch RSI.
Once we broke we had a 71% move as I highlighted.
A similar move is 11.75
Dip buying encouraged
#PIK
Patience is Key
#TLAW
Think Like A Whale
$ATOM (COSMOS) - WEEKLY LEVELSSupport and resistance levels (which are more like zones than lines) for ATOM
Atom Inverted H&S Reclaim of key pivot at 10.30 which is also the neckline for the inverted head and shoulders pattern. Take profit is $16.90, stop on daily close below the 50 day EMA.
